Streetbeat News

Assets

CHH

Choice Hotels has announced the pricing of senior notes worth $600 million in a public offering. The notes will mature on August 1, 2034, with an interest rate of 5.850% and will be issued at 98.929% of par value. These notes are unsecured and unsubordinated obligations of the company.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 9:45 pm

APD

Air Products has announced a groundbreaking event for a $70M expansion of its Missouri Manufacturing and Logistics Center. The new facility is expected to be operational by the end of 2025 and will create 30 new full-time positions. This follows a $10M investment made in 2023 to increase production capacity.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:57 pm

EPSN

Epsilon Energy (EPSN) announced that the recently completed Ava well in Texas is the best performer in the Pradera Fuego project so far. The well has averaged 1,290 BOEPD over the last 25 days, outperforming pre-drill estimates. The company's borrowing base has been redetermined at $45 million, effective June 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:49 pm

USO

The American Petroleum Institute (API) reported a crude oil stock build of 914,000 barrels for the week, contrary to the expected draw of 3 million barrels. This unexpected increase in crude oil inventory could impact oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:38 pm

TXO

TXO Partners has announced a public offering of 5 million common units. The proceeds will be used to fund asset acquisitions from Eagle Mountain Energy and a private company, repay borrowings, and for general partnership purposes.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:18 pm

KKR

KKR has acquired a $2.1 billion multifamily portfolio from Quarterra, consisting of 18 high-quality, Class A assets concentrated in coastal and Sunbelt markets.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:16 pm

LTCUSD

Litecoin (LTC) has risen by 4.17% in the past 24 hours to $71.97, despite a 0.0% loss over the past week. Trading volume has decreased by 35.0% over the week, and the circulating supply has decreased by 0.12% to 74.68 million. Litecoin's market cap is $5.36 billion, ranking it #23.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 7:02 pm

KKR

LEN

KKR has made its largest investment in the apartment sector by acquiring 5,200 apartment units across the U.S. for $2.1 billion from Quarterra, Lennar's apartment development arm. This move indicates KKR's bet on rising rents.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:32 pm

ETHUSD

A crypto trader named Miya lost his entire $12 million net worth after going 'all in' on Ethereum (ETH) and getting liquidated. Miya had invested $10 million based on positive market catalysts but underestimated the risks of leveraged trading. His story highlights the extreme volatility and emotional toll of high-stakes crypto trading.

Portfolio Pulse from Khyathi Dalal

June 25, 2024 | 5:02 pm

UBS

UBS Group shares are trading lower after reports indicated that the company sold a partial stake in its China joint venture to Beijing State-owned Assets Management to comply with local regulations.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:49 pm